Prosafe Boasts Rig Utilization Up to 99%

Prosafe has reported that rig utilization in the second quarter of 2008 increased to 99% from 87% in the first quarter of 2008.

Safe Astoria was on standby dayrate in April and on full operating dayrate from May 1, 2008. Safe Bristolia commenced operations in the UK shelf during the second week of April. All other vessels have been fully utilized in the second quarter.